Nomura

What Nomura does

Nomura Holdings Inc. (TSE: NMR) is Japan's largest brokerage and investment bank, founded in 1925 and headquartered in Tokyo, serving institutional investors, corporations, governments, and high-net-worth individuals across Asia, Europe, and the Americas. The firm operates through three principal franchises: a Wholesale division providing investment banking advisory, underwriting, capital markets, trading, and equity research (Q4 FY2025 wholesale net revenue of ¥308.1 billion); an Asset Management division distributed via Nomura Asset Management International to US and European HNW clients and family offices; and International Wealth Management serving Asia-based HNW and family office clients.

Nomura's technology backbone combines traditional capital markets infrastructure with a dedicated digital asset subsidiary, Laser Digital, which received conditional approval from the US Office of the Comptroller of the Currency for a national trust bank charter. Laser Digital's platform focuses on cross-border payments, collateral management, and custody spanning conventional and digital assets, explicitly excluding deposit-taking and lending. A memorandum of understanding with Circle Internet Financial extends this franchise into stablecoin-backed FX settlement and on-chain capital markets infrastructure, targeting Japan's $440-750 billion daily foreign exchange market.

The firm generates revenue primarily through transaction-based fees (investment banking, underwriting, trading commissions) and recurring asset management fees, with emerging transaction-fee revenue from digital finance services. Strategic capital is being deployed into acquisitions (the $1.8 billion purchase of Macquarie's exchange-traded asset management business, completed June 2026) and partnerships, with management guiding to at least ¥750 billion ($4.7 billion) in pre-tax income and more than $5 billion in private credit AUM by year ending March 2031.

Name

Nomura

Legal name

Nomura Holdings Inc.

Website

https://nomura.com

Company type

Public

Founded year

1925

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Nomura Holdings is Japan's largest brokerage and investment bank, providing investment banking, equity research, asset management, and emerging digital asset services to institutional investors, corporations, governments, and high-net-worth clients globally.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Full-Service Brokerage (Wirehouse/Universal) (FSAEACAA)

akta.pro secondary industries

Institutional Brokerage & Agency Execution (FSAEACAC), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Investment banking
• Asset management
• Equity research
• Wealth management
• Digital asset services

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Investment Banking & Wholesale: Nomura generates revenue through investment banking services including advisory, underwriting, and capital markets activities. The wholesale segment encompasses trading, institutional sales, and research services to corporate and institutional clients globally.
2. Asset Management: Nomura Asset Management operates through Nomura Asset Management International, distributing investment products to high-net-worth clients and family offices in the US and Europe. The division manages public and private fund strategies.
3. Digital Asset Services: Nomura is developing new revenue streams through digital finance solutions including stablecoin-based foreign exchange settlement services leveraging blockchain technology for cross-border transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Nomura is Japan's largest brokerage and investment bank providing investment banking and wholesale services including advisory, underwriting, equity research, trading, and capital markets activities to institutional investors, corporations, and governments globally. The firm also operates asset management through Nomura Asset Management International and wealth management for high-net-worth clients, while expanding into digital asset infrastructure via its Laser Digital subsidiary for blockchain-based financial solutions and stablecoin-backed settlement services.

Product overview

Nomura operates as a global financial services firm offering investment banking, asset management, and institutional brokerage services. The company has established Laser Digital as a digital asset subsidiary to develop next-generation market infrastructure using on-chain finance, including stablecoin-backed settlement services in partnership with Circle. Following the acquisition of Macquarie's exchange-traded asset management business, Nomura manages assets across US, European, and Asian markets. The firm's institutional services include equity research, corporate finance advisory, FX trading, and wealth management solutions for high-net-worth clients and institutional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking & Capital Markets

Quantifiable outcome

• Nomura maintained 'Buy' ratings on Indian stocks projecting 17% to 48% returns for investors.
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Circle Internet FinancialcoreStrategic or Co-development Partner · 23 June 2026Nomura Holdings signed a memorandum of understanding with Circle Internet Financial to pursue strategic collaboration in digital finance across global markets including Japan. The partnership focuses on exploring next-generation market infrastructure using on-chain finance, including stablecoin-backed instant settlement, enhanced collateral management, and capital markets transactions. Both companies leverage their respective expertise—Circle's stablecoin and blockchain capabilities and Nomura's financial markets experience—to develop new digital finance use cases targeting Japan's $440-750 billion daily FX market.
• Laser Digital (Nomura Subsidiary)coreStrategic or Co-development PartnerNomura's digital asset subsidiary Laser Digital received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter in the US. Upon final sign-off, Laser Digital National Trust Bank will focus on institutional services including cross-border payments and collateral management across crypto and traditional markets, explicitly excluding deposit-taking and lending.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Daiwa Securities Group: Daiwa is Japan's other major full-service brokerage and investment bank, directly comparable to Nomura across retail brokerage, institutional sales/trading, investment banking, and asset management in Japan and globally.

Broad incumbents

• Mitsubishi UFJ Financial Group (MUFG): MUFG is Japan's largest megabank with a securities arm (Mitsubishi UFJ Morgan Stanley Securities) and significant investment banking capabilities. A broad incumbent offering overlapping brokerage, IB, and asset management services alongside Nomura in Japanese and global markets.
• Goldman Sachs: Global bulge bracket investment bank with strong Asian investment banking, trading, and asset management franchises. Competes with Nomura across cross-border M&A, ECM/DCM, and institutional brokerage, while operating at materially larger scale.
• Morgan Stanley: Global investment bank with a leading wealth management franchise and strong Asia-Pacific presence (including a Mitsubishi UFJ joint venture). Comparable to Nomura across IB, institutional securities, and wealth management for high-net-worth clients.
• JPMorgan Chase: The world's largest investment bank by revenue, with deep institutional trading, investment banking, and asset management businesses. Competes with Nomura across virtually every major product and geography at a vastly larger scale.
• Mizuho Financial Group: Japanese megabank with securities, trust banking, and asset management arms. A domestic broad incumbent overlapping with Nomura across Japanese brokerage, IB, and institutional client coverage.
• Macquarie Group: Australian-headquartered investment bank and asset manager that just sold its US/European ETF business to Nomura. Comparable as a global asset manager and infrastructure/renewables financing arranger (e.g., Matrix Renewables deal alongside Nomura).
• UBS Group: Global wealth management leader combined with investment banking capabilities (post-Credit Suisse). Competes with Nomura's International Wealth Management and global IB franchises, particularly for cross-border Asia-related wealth and advisory mandates.
• Citigroup: Global universal bank with institutional banking, trading, and wealth management franchises. Directly comparable to Nomura across cross-border investment banking, institutional brokerage, and emerging-market distribution.
• Sumitomo Mitsui Financial Group: Japanese megabank with securities and asset management subsidiaries (SMBC Nikko). Overlaps with Nomura in domestic Japanese brokerage, ECM/DCM, and institutional client coverage, serving as a broad domestic incumbent competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nomura
• LinkedInlinkedin.com/company/nomura

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments99 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nomura